Listing
$390,000
1626 Gl••••• St (Sign up for 50 free credits to unlock)Detroit, MI 48206
Property Description
Four-unit investment opportunity near Detroit's New Center! Located at 1626 Gladstone, this vacant quadplex features two bedrooms and one full bathroom in each unit, for a total of eight bedrooms and four bathrooms. Three units have been recently renovated, giving the next owner a strong head start toward completing and operating the property. Renovations are still underway, and additional repairs and finishing work are needed throughout the building. With all four units currently vacant, the property offers flexibility for continued improvements, tenant placement, and future management. Conveniently located near Henry Ford Hospital, Wayne State University, New Center, and major Detroit thoroughfares. Property is being sold as-is. The buyer and buyer's agent must independently verify all information, including property condition, unit count and configuration, measurements, square footage, zoning, potential income, rental requirements, and municipal requirements.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Sep 8, 2026
- Price per Sq Ft
- $117/sqft
- ZIP Code
- 48206
- Full Baths
- 4
- Stories
- 2
- Heating
- Forced Air
- Construction
- Brick
- Style
- Quadruplex
- Neighborhood
- Herman Kiefer
- County
- Wayne
- School District
- Detroit Public Schools Community District
- Cats
- Allowed
- Dogs
- Allowed
Features & Amenities
Bedrooms
- Bedrooms: 8
Bathrooms
- Total Bathrooms: 4.00
- Full Bathrooms: 4
Land Info
- Lot Size Acres: 0.12
- Lot Size Dimensions: 40X134.21
- Lot Size Square Feet: 5227
Utilities
- Sewer: Sewer (Sewer-Sanitary)
- Water Source: Water at Street
Other Rooms
- Basement Description: Unfinished
Rental Info
- Gross Scheduled Income: 52800
Commercial Info
- Net Operating Income: 50000
Multi-Unit Info
- Number of Units: 4
- Number of 2 Bedroom Units: 4
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-3: 1
- Full Bathrooms in Unit-4: 1
- Unit-1 Description: Two Bedroom
- Unit-2 Description: Two Bedroom
- Unit-3 Description: Two Bedroom
- Unit-4 Description: Two Bedroom
- Unit-1 Square Feet: 800
- Unit-2 Square Feet: 800
- Unit-3 Square Feet: 800
- Unit-4 Square Feet: 800
School Information
- School District: Detroit
Heating and Cooling
- Heating Features: Forced Air
- Heating Fuel: Natural Gas
- Heating: Yes
Other Property Info
- Annual Tax Amount: 8117
- Source Listing Status: Active
- County: Wayne
- Directions: N Rosa Parks W Hazelwood
- Area: Det: Livernois-I75 6-Gd River
- Source Neighborhood: Stephens Sub
- Ownership Type: Short Sale - No,Private Owned
- Parcel Number: W08I002476S
- Postal City: Detroit
- Postal Code Plus 4: 2394
- Subdivision: Stephens Sub
- Zoning: Multi-Family,Residential
Homeowners Association
- Pets Allowed: Yes
Building and Construction
- Total Square Feet Living: 3320
- Year Built: 1920
- Construction Materials: Brick
- Foundation Details: Basement, Michigan Basement, Brick/Mortar
- Levels: 2 Story
- Living Area Source: Prior Listing
- Property Age: 106
- Levels or Stories: 2 Story
- House Style: 2 Story
- Total Area Sqft: 3320
- Total Below Grade Area: 1380
- Architectural Style: Quadruplex
Exterior and Lot Features
- Road Frontage Type: Paved
Location
Lat 42.37491 · Lng -83.09564